Nobody plans to be off work due to illness, accident, injury or lose your job due to redundancy, but it is wise to plan for the possibility this may happen. Cover will provide you will a set income for a limited period of time which will help you pay essential bills so life can go on as smoothly as possible.
Accident, Sickness and Unemployment cover provides you with an income if you are unable to work either due to illness or accident, or being made redundant. It will pay out a set amount for a limited period of time such as twelve months.
Maybe. Income protection will not protect your income in the event you lose your job whereas ASU may offer benefit if you lose your job and it is not your fault, e.g. redundancy. Benefits from an ASU policy may start quicker than an Income Protection Policy but the period they will be paid out will be more limited. Premier Choice will be able to advise you on all your protection needs so you have the best range of products for your circumstances.
There is normally a waiting period before the redundancy benefit will pay out so, if you are made redundant within a certain period from the start date of the policy, you may not be able to claim. Also, you will not be able to claim if you knew you were about to be made redundant at the time you bought the policy.
No. PPI is attached to a debt and will pay off payments linked to that debt. Payments will go to the lender.
Yes. Our experienced Protection Consultants can advise you on all your protection needs.